U.S. Blue Hydrogen Market Size & Outlook, 2023-2030

The blue hydrogen market in the United States is expected to reach a projected revenue of US$ 2,127.8 million by 2030. A compound annual growth rate of 21.5% is expected of the United States blue hydrogen market from 2024 to 2030.
Revenue, 2023 (US$M)
$543.4
Forecast, 2030 (US$M)
$2,127.8
CAGR, 2024 - 2030
21.5%
Report Coverage
U.S.

U.S. blue hydrogen market highlights

  • The U.S. blue hydrogen market generated a revenue of USD 543.4 million in 2023 and is expected to reach USD 2,127.8 million by 2030.
  • The U.S. market is expected to grow at a CAGR of 21.5% from 2024 to 2030.
  • In terms of segment, power generation was the largest revenue generating application in 2023.
  • Refinery is the most lucrative application segment registering the fastest growth during the forecast period.

Blue hydrogen market data book summary

Market revenue in 2023USD 543.4 million
Market revenue in 2030USD 2,127.8 million
Growth rate21.5% (CAGR from 2023 to 2030)
Largest segmentPower generation
Fastest growing segmentRefinery
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPower Generation, Chemical, Refinery
Key market players worldwideLinde PLC, Shell PLC, Air Liquide SA, Air Products & Chemicals Inc, Engie SA, Equinor ASA, Iwatani Corp, Ninox, INOX India Pvt Ltd, Exxon Mobil Corp

Other key industry trends

  • In terms of revenue, U.S. accounted for 16.8% of the global blue hydrogen market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. blue hydrogen market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 2,127.8 million by 2030.

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Blue Hydrogen Market Scope

Blue hydrogen market segmentation & scope
Methanol Production
Ammonia Production
Petroleum Refinery
Transportation
Power Generation
Others
Chemical
Refinery
Coal Gasification
Steam Methane Reforming
Methane Pyrolysis
Alkaline Electrolyzer
PEM Electrolyzer
SOEC Electrolyzer
Gas Partial Oxidation
Auto Thermal Reforming
Pipeline
Cryogenic Liquid Tankers

Blue Hydrogen Market Companies

Name Profile # Employees HQ Website

U.S. blue hydrogen market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blue hydrogen market will help companies and investors design strategic landscapes.


Power generation was the largest segment with a revenue share of 67.19% in 2023. Horizon Databook has segmented the U.S. blue hydrogen market based on power generation, chemical, refinery covering the revenue growth of each sub-segment from 2018 to 2030.


  • U.S. Blue Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
    • Methanol Production
    • Ammonia Production
    • Petroleum Refinery
    • Transportation
    • Power Generation
    • Others
    • Chemical
    • Refinery
  • U.S. Blue Hydrogen Technology Outlook (Revenue, USD Million, 2018-2030)
    • Coal Gasification
    • Steam Methane Reforming
    • Methane Pyrolysis
    • Alkaline Electrolyzer
    • PEM Electrolyzer
    • SOEC Electrolyzer
    • Gas Partial Oxidation
    • Auto Thermal Reforming
  • U.S. Blue Hydrogen Transportation Mode Outlook (Revenue, USD Million, 2018-2030)
    • Pipeline
    • Cryogenic Liquid Tankers

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Target buyers of U.S. blue hydrogen market databook

  • Our clientele includes a mix of blue hydrogen market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the U.S. blue hydrogen market , including forecasts for subscribers. This country databook contains high-level insights into U.S. blue hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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U.S. blue hydrogen market size, by application, 2018-2030 (US$M)

U.S. Blue Hydrogen Market Outlook Share, 2023 & 2030 (US$M)

U.S. blue hydrogen market size, by application, 2018-2030 (US$M)

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